Noonan Daniel 4

What Happened

• Daniel A. Noonan, Executive Vice President of Cohen & Steers (CNS), disposed of shares tied to recently vested restricted stock units (RSUs) and sold additional shares in the open market. The filing shows 3,614 shares were withheld to satisfy tax obligations on RSU vesting (reported as a disposition) for $77.05 per share ($278,459), and 4,360 shares were sold in an open-market transaction at an average price near $77.33 per share ($337,159). Total proceeds reported across both actions are about $615,618. These are sales/withholdings (not purchases).

Key Details

• Transaction dates: tax-withholding reported 2026-06-15; open-market sale reported 2026-06-16. Filing date: 2026-06-16 (appears timely).
• Prices and amounts:
  • 3,614 shares withheld at $77.05 each = $278,459 (tax withholding related to RSU vesting).
  • 4,360 shares sold open-market at a weighted average ~$77.33 each = $337,159 (sales executed across $77.16–$77.40).
• Shares owned after the transactions: not specified in the excerpt provided.
• Notable footnotes:
  • F1: Withholding of shares to cover tax on vested RSUs (treated as a disposition).
  • F2: Immediately after delivery of RSU shares, 3,465 shares were transferred to the Daniel A. Noonan Revocable Trust (exempt under Rule 16a-13).
  • F3: Open-market sale price was a weighted average; actual trades ranged $77.16–$77.40.
  • F4: The Daniel A. Noonan Revocable Trust is revocable; Mr. Noonan and an immediate family member serve as trustees.

Context

• The withholding is a tax-related disposition connected to RSU vesting (common and not usually a signal of changed sentiment). The separate open-market sale is a standard insider sale and does not itself indicate the insider’s views of the company’s prospects.
• No 10% owner or 10b5-1 plan was disclosed in the provided details; the transfers to a revocable trust are exempt from reporting under Rule 16a-13 per the footnote.